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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,592 $ 2,539
Accounts receivable, net of allowances of $1,134 and $1,437, respectively 17,026 26,859
Inventories 93,039 115,433
Prepaid expenses 17,827 16,660
Other current assets 40,784 44,637
Total current assets 170,268 206,128
Non-current assets:    
Property and equipment, net 140,406 179,503
Operating lease right-of-use assets 367,133 395,411
Goodwill and intangible assets, net 66,468 66,634
Deferred income taxes 27,267 20,253
Other non-current assets 93,109 82,951
Total assets 864,651 950,880
Current liabilities:    
Borrowings under revolving credit facility 516,500 539,500
Accounts payable 127,990 135,901
Customer prepayments 43,514 49,143
Accrued sales returns 19,688 22,402
Compensation and benefits 28,909 28,273
Taxes and withholding 17,685 17,134
Operating lease liabilities 82,488 81,760
Other current liabilities 57,268 61,958
Total current liabilities 894,042 936,071
Non-current liabilities:    
Operating lease liabilities 318,665 351,394
Other non-current liabilities 100,728 105,343
Total liabilities 1,313,435 1,392,808
Shareholders’ deficit:    
Undesignated preferred stock; 5,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value; 142,500 shares authorized, 22,371 and 22,235 shares issued and outstanding, respectively 224 222
Additional paid-in capital 25,527 16,716
Accumulated deficit (474,535) (458,866)
Total shareholders’ deficit (448,784) (441,928)
Total liabilities and shareholders’ deficit $ 864,651 $ 950,880